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NEW ORLEANS, June 19, 2017 -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 18, 2017 to file lead plaintiff applications in a securities class action lawsuit against Aaron's, Inc. (NYSE:AAN), if they purchased the Company’s shares between February 6, 2015 and October 29, 2015, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Georgia.
What You May Do
If you purchased shares of Aaron’s and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 18, 2017.
About the Lawsuit
Aaron’s and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On October 30, 2015, Aaron’s revealed that a software glitch affecting the credit qualification algorithm utilized by its subsidiary, Progressive Finance Holding, LLC, had resulted in the loss of critical data as well as the Company’s ability to make lease qualification determinations and collect payments. Aaron’s further announced that the problems had first been discovered in February, nine months prior to the revelation.
On this news, the price of Aaron’s shares plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contact: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner [email protected] 1-877-515-1850 206 Covington St. Madisonville, LA 70447
